mamunfx
Mamun_FX
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USD/CHF, D1
USD/CHF, D1
On the daily chart, the pair reached seven-month lows around 0.9355, after which it attempted to grow. Currently, the price is close to 0.9580 (retracement 23.6%), its breakout will give the prospect of further upward dynamics to the area of 0.9685 (retracement 38.2%), 0.9770 (retracement 50.0%), 0.9855 (retracement 61.8%). The key for the "bears" remains the 0.9410 mark (retracement 0.0%), consolidation below which may lead to a decrease to the level of 0.9080 (expansion 61.8%).
The potential for current growth looks limited, as the short-term downward trend persists, which is confirmed by the downward reversal of the Bollinger Bands and the increase in the MACD histogram in the negative zone.
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